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'm jeff glor. >> glor: g plenty of violence recently that can't be explained and it got no easier today. in this case, the victims were erlunteers responding to an anrgency call on christmas eve. onr firefighters were shot. police say they were lured by a whn who was simply looking to ookinor kill them. tonight in webster, new york, just outside rochester, two of ,hose firefighters are dead, two are wounded. we begin with jim axelrod. >> reporter: just after 5:30 this morning, the volunteer firefighters in webster walked right into an ambush. >> we are being shot at, multiple firemen down. multiple firemen shot. i am shot. >> reporter: two of them were killed instantly. >> i'm pretty sure we have two d.o.a.s. >> reporter: gerald pickering is the police chief in webster. >> it does appear it was a trap that was set for first responders. >> reporter: police at the scene exchanged shots with the gunman, 62-year-old william spengler, who was barricaded on a berm near the house. the gun battle meant the fire could not be fought. seven homes were destroyed. an armored vehicle removed two of t
." >>> welcome to "cbs this morning." i'm jeff glor with rebecca jarvis charlie rose. gayle king and norah o'donnell are off. >>> on the ground and in the air on this busy day before christmas, there's trouble. >> and the problem is a storm system that hit the west coast over the weekend. now it's moving east threatening to cause problems all week long. anna warner is at dallas/ft. worth airport. anna, good morning. >> reporter: we're seeing a steady stream of travelers on their way to destinations. things on the west coast have cleared up. no major flight delays out there so far, but people heading to other holiday destinations may encounter some trouble. that's because this fast moving storm is heading over the rocky mountains and is expected to drop a lot of snow on the midwest as it heads to the northeast. travelers may see problems. those hoping for a white christmas will get their wish, but they may be stuck seeing santa in the airport. >> we don't want to spend christmas at laguardia. >> reporter: more than 5,000 flights were cancelled this week as snow smothered
traffic and get the latest from jeff. good morning. >> starting in prince george's county, not much volume here in either direction. the significance is it's on my way to fed ex and i'm starting to tailgate in about two hours for sunday's game. looking good on other roadways. pennsylvania, and branch avenue and route 50. we'll head over to the fairfax county parkway, it's 95 north, looking good in both your hov lanes and the main line, up from stafford county to the mixing bowl, and over to montgomery county, just north of the american legion bridge. light coming in from virginia around the inner loop into montgomery county. outer loop looks good as well down 270 to the split. no problems on the bw parkway or 95 between the beltways and good ride around the outer loop of the beltway around montgomery county. that's a look at your fox 5 on- time traffic. >>> jeff, thank you very much. first at 7:00, honoring one of the nation's top warriors, general norman schwartzkopf. he died yesterday from complications of pneumonia. >> he is best known for his role in leading international forces in ira
"cbs this "cbs t >>> welcome to "cbs this morning." i'm jeff floor. there is travel trouble across the nation and on the ground in the air on this busy day before christmas. >> and the problem is a storm system that hit the west coast over the weekend. now it's moving east, threatening to cause problems all week long and anna werner is at dallas-ft. worth international parent. good morning. >> reporter: good morning, rebecca and jeff. we receive a steady stream of travelers coming in here at the dallas-ft. worth international airport but some across the country could have some problems if they're still on their way to their holiday destinations. that's because that fast-moving storm is coming over the rocky mountains and is poised to dump a lot of snow on the midwest as it moves to the northeast. those hoping for a white christmas will get their wish but they may be stuck seeing santa in the airport. more than 5,000 flights were canceled this week as snow smothered the midwest. drivers didn't fair any better as heavy accumulation clogged roadways and buried cars. >> i wish i had my reindeer.
in utah, where warren jeffs is still considered a praophet. authorities' concerns are growing. gary tuchman investigates just ahead. e'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! [ male announcer ] yes, it is. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >>
to bring these jobs back. >> what do you think about jeff immelt's article where he says i'm bringing jobs back to america makes more economic sense. >> he was bringing jobs back to america. i wasn't prepared for this quiz this morning. i can tell you from memory, he brought a bunch of jobs back in lexington, kentucky. >> he is stoned. >> get lexington, kentucky out. >> do you feel like we do? we're going to kick out with frampton after he's done with this answer. >> he brought back a bunch of jobs at lexington, kentucky but at much lower wages. >> what kind? >> it was appliance jobs. >> they have the huge apply hans city down there and all these massive buildings and their own zip code and one building after another closed down. he's starting up one assembly line after another. are they going to get paid $30 an hour? no. >> here's the point. how do you have a ro best recovery when you have wage compression, people who made $30 an hour making $14 an hour. how do you grow an economy like that. >> the point is do we want these jobs building in germany or alabama. want them in lexington, kent
this break. first, take a look at metals. we are back after this. ♪ two. lori: jeff flock in the pits of this cme. jeff: we have a number of factors running today. i don't think any of them have to do with the fiscal cliff. you can see for your self the volume. there is tumbleweeds going through the pits. i will show you reasons why oil is off today. they all have to do with the middle east. suspended production with baghdad over prices. iran, to prices of military exercises. military exercises starting there today. that makes the oil market very jittery. you can see a little thin here. everything from wti to brent to gasoline futures to heating oil futures. we have a lot of cold weather coming in. a much more need for heating oil and the like. i didn't hear in that ad room. trading volume is light. tracy: so cool. jeff flock, thank you for doing that for us. [talking over each other] lori: as we do every 15 minutes, we chuckled the markets. nicole petallides on the floor of the new york stock exchange. nicole: a lot of down arrows. zynga is really bucking the trend. it is up 3.25%. i
soon. >>> up next, general partner jeff jordan is sounding a warning to traditional retailers and all investors need to hear this one and outrage across the web about instagram's plan to sell your photos that you post. we'll get to the bottom of this. stay with us on it. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morn 24 hours. zero heartburn. >>> welcome back. states a
. president, i rise today to honor my friend, illinois state senator jeff shoalberg on his more than two decades of service in the illinois state assembly. he was elected to the statehouse at the age of 30 was elected to the illinois senate in 2003 where he rows to the acres of serve being as assistant majority leader. more importantly, jeff schoenberg has been a dedicated public servant to his constituents in evanston and to the people of illinois. jeff sponsored a bill that would provide better access to quality health care and give consumers the opportunity to make better choices for their health. he also secured more than $5 billion in federal funds for safety net hospitals like mt. sinai, mercy and holy cross. jeff schoenberg supported the illinois safe zones act which paved the way for stem cell research and insisted on greater accountability and oversight at the illinois state toll highway thomplet a father of two, he was critical to the passage of a measure to allow schools to keep and administer epinephrine following the death of a 13-year-old girl who had an allergic reaction t
city of kansas in my home state. officer jeff athalate fatally shot while on duty, investigating drug activity occurring inside a vehicle outside a neighborhood grocery store. as they approached the vehicle and orbded the okay -- ordered the occupants to get out the gunmen took the lives of both officers. when we lose someone in a community in kansas, it's not just a name. it's somebody we go to church with. it's somebody we know and care about. these individuals are that to their friends and family in topeka and across our state. david had been part of the topeka police department for 21 years. he spent 13 years as a reserve officer and 8 years as a full-time officer. his service tkphot begin as a police officer. he served in the kansas national guard and recently retired. police chief ronald miller described david as someone who served his life to his country and to the city of tow pea kafplt david's service was a model to others including his son brandon who followed his dad's footsteps and served the topeka community as a police officer himself. the second officer -- jeff -- was 2
read ready to help more, but no more wounded came. jeff glor is at the hospital. >> reporter: scott, two of the children who were taken here died. it's our understanding that one patient is still being treated tonight. when this happened, they had four trauma teams ready but, as you mentioned, one of the most heartbreaking realizations here is that the hospital realized most of the victims would never even leave the school. we spoke with dr. john murphy, who was coordinating coverage this morning. >> well, i was in the emergency room when we got the call that there would not be any more victims coming. and that was a devastating call to get and the room fell silent when we shared the news and there was a moment of deep grief recognizing what that meant. >> reporter: that most of the victims couldn't be saved. >> that's correct. >> reporter: scott, this is the main hospital in a small town so they're not only dealing with the fact that they were treating these victims but that many hospital employees knew the families and knew some of the children involved. the hospital has been offe
may be at least a decade behind in gdeveloping their own supplies. >>> my krchlcnbc colleague jeff cutmore live overseas. this is good news at least in the short term, right? >> absolutely, brian. and a very good morning to you. good to see you anchoring the program this morning. the u.s. has such a strong lead in this area. it's hard to see how companies trying to find this shale gas elsewhere around the world are going to have the same kind of success. we've seen millions of wells drilled in the united states. we're just seeing in countries like poland pioneering one or two initial wells being drilled by companies like chevron. so the potential is out there. it's just going to take a whole lot longer to get it out of the ground and to the consumer. and a couple of real issues here. one is yes, we're way behind in terms of the program. i mean, countries like china may have the same reserves of gas as the u.s. has. but it's just going to take a whole lot longer getting to them. and the second one is a lot of these countries don't have the same distribution infrastructure in place u
. we've got michelle franzen on the scene, clint van zandt, psychologist jeff gardeer. we have nbc white house correspondent chris tin welker. we've got larry johnson, the president of the national association of school safety and law enforcement officials and james johnson, baltimore county police chief. first we go for an immediate update to my msnbc colleague, michelle franzen. michelle, thank you for staying with us tonight. >> well, hi, chris, we're here in the newtown area of connecticut, just nearby a couple of miles from sandy hook elementary where the shooting, tragic shooting, took place earlier today. at this hour, hundreds of rez dents are gathering at a nearby catholic church for a vigil. holding a prayer for those who have lost their lives today, those youngest lives, anywhere between kind eergarten and four grade where those student were shot today. they're holding a prayer vigil and trying to comfort the families that they were told lost their loved ones in this town. it's a small new england town in this area. a very rural area in the central part of connecticut he
. that's the best since sep '04, 77 basis points. rick, all yours. >> let's bring in jeff, cnbc contributor. you're a bond guy at the cme. is this a bond bubble and are we coming out of it? >> we talked a couple weeks ago on "power lunch" how we're poised to see the long end of the curve. we had confirmation when ben bernanke said they were going to focus the purchase on the belly of the curve. that's what we call it in the pits. four to six year. right now we certainly have seen a big move in the ten-year. looking at the 30 year, should see a rise in the 30 year. at the end of the day people comfortable out of washington, the bond, long end of the curve, people are selling. >> thanks so much. we'll be back with you in a little bit. sue. >> bob pisani showed us the home builder stocks. one of the reason they are moving, there was good news for the economy. home builder sentiment moving to strongest level since april '06. national association of home builders rose to 47 from a revised 45 in november. keep in mind despite eight months of gains, the confidence index still remains b
the conditions are terrible. >>> all right, let's bring bring in jeff for the weather, what is the latest on the storms? >> it's in the earn part of the country. we're expecting the severe weather threat to shift to the east today. i want to punch this full so you can see it. that's where the shrms are, on the northern and western side of this storm we have a raging blizzard. we're expecting almost a foot of snow there, and snow is now moving into northern parts of virginia. >> what about into the rest of the week? >> this storm will start to translate northeast ward and will be a headache for most of the earn half of the country. first things first, let's talk about the severe weather today. today, it's in earn parts of georgia, north carolina south carolina, and there is a moderate risk for severe weather. that means we could see tornadoes in this area once again. as far as snowfall that strip of blew is between six and 12 inches of snow but it's towards upstate new york with lake enhanced snow one to two feet of snow wind gusts up to 40 miles per hour and a huge
're getting an end of the year bounceback in that group. i look four to be in oracle. let's go to jeff in wisconsin. jeff. >> hey, how are you doing? a big booyah from mill milwaukee, wisconsin. >> exact -- whenever i say it's a speck, you got to accept the consequences it can be up big or down big. that is the case with eaxs. that is the case with the lightning round! >> coming up, well furnished? the housing hangover seems to be on the mend as u.s. home sales continue to pick up. but if you thought you missed the chance to play the rebound, think again. cramer is talking to the ceo of ethan allen to see if their investment here could help up get comfortable. and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and bein
. i prefer you to be in oracle. let's go to jeff in wisconsin. jeff. >> hey, how are you doing? a big booyah from mill milwaukee, wisconsin. txes? >> whenever i say it's a spec, you got to accept the consequences it can be up big or down big. that is the case with exas. that is the conclusion of the lightning round! >> coming up, well furnished? the housing hangover seems to be on the mend as u.s. home sales continue to pick up. but if you thought you missed the chance to play the rebound, think again. cramer is talking to the ceo of ethan allen to see if an investment here could help you investment here could help you get comfortable. ential for making or losing money >>> right now we got a bull market in all things related to housing, especially housing related retailers. when i see a housing related retailer selling off, i smell opportunity. ethan allen interiors, a purveyor of highest quality home furnishings with free interior design services. ethan allen has been benefiting. the stock is giving you 72% since i initially got behind in in july of 2010. a lot of analysts didn't lik
. not only did 2012 help but i think 2013 will be even better for them. >> i'm wondering, jeff, a lot of the headwinds that bill just mentioned, the regulatory environment and very low interest rates which squeezes their margins, are any of these things going to clear up and go away in 2013? >> well, i think one of the reasons that you are seeing the big banks doing well coming into year end isn't so much that those things are lessening but they are better equipped to handle it. right now with the regulatory and the net interest margin pressures, scale and efficiency is more important than ever and the money center banks have it. it's a matter of whether they can deliver it. they have the scale and starting to see them deliver the efficiency so cost management is a big thing that helps them. also they have businesses away from the traditional banking, net interest lending, and capital markets, could see some pretty strong numbers next year and the money center banks, they are shrinking their liability footprintson so on a funding cost side they have a lot of advantages that a lot of o
. jeff merkley is right after this. ah, i'm good. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart control technology that acts fast and helps control cravings all day long. ♪ quit one day at a time with nicoderm cq. >>> all right, we're talking about the latest in the fiscal cliff or we should say, fiscal curb drama in washington. i want to talk to you, jamelle, about where, maybe, the democratses are coming from others. we were talking about this in the last segment about how the game changes on january 1st. if there's no deal and inaction, there's a lot of leverage it would seem that president obama would have. all the bush era tax rates go away. polls suggest republicans will be blamed more than democrats with if we go over the curb so to speak. is there a real incentive here for democrats to say, let's just not make a deal today? >> i think the only incentives for democrats not to make a deal, to wait for us to go over the curb, to wait for us to repeal the bush tax cuts or moving i
. >>> should you get in now or will it continue to slide at $5.07? liesman's exclusive with jeff lacquer, who is at odds with his fellow fed policymakers. keep it right here. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. at your local to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to phot
ahead. >>> lots to talk about this morning. the next two hours, we'll talk with steve israel. jeff sessions, sandy levin, rahm emanuel and businessman javier paolomarez, ed burns, frankie monday easy, and chuck leavell. "starting point" begins right now. welcome, everybody. "starting point" this morning, angry, united. bracing for protests in michigan as the state is poised to become the most unionized right to work state. as many as 10,000 unionized workers expected at the state capitol to voice their disapproval of the measure. some of them teachers, two detroit area school districts shut down for the day as hundreds of teachers plan to join the protest. president obama brought it up during a trip to a daimler truck factory in redford, michigan. this is what he said. >> this so-called right to work law, they don't have to do with economics, everything to do with politics. what they are really talking about is giving you the right to work for less money. >> alison kosik. >> what's the latest on the protests? >> protestsers starting to gather behind me. signs in hand, even the infl
management shake-ups of the year. jeff sonnenfeld will join us with the fiscal corporation movement of the year. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thou
capital. good to see you. jeff, make the case. you're looking at the charts. how do you like ups versus fedex? >> maria, i think you have to look at the longer-term chart, and if you look at the ten-year period, the true leader is federal express. it's up 76% versus the 24% that ups is. that's where you find the leaders. now let's take a closer look and look at the micro view of this chart, and we go to the year to date chart, and if you see a year to date, trading within a range, between 84 and 94, and what's going tonight difference. what's going tonight difference to push this to go higher, the catalyst, right. we wanted to see it go above $94 a share and the catalyst is going tonight international markets. we've seen some clarity over there, and you've seen a really -- fedex's international numbers have to increase, and that's the catalyst right there. >> jeff, they are both international. it depends on where you want to play. i like ups better because it's got a 3% yield versus a less than 1%. i think about half a percent yelled for fedex and still in a low return environment. if y
>> that's jeff singing "hallelujah." alan light, the book explores the unlikely journey from obscurity to modern day hymn. it's great to have you on the sh show. >> thanks for having me. >> first of all, tell us how that happened. >> it happened over a long period of time. leonard cohen first reported "hallelujah" in 1984. his label turned down the album it was on. it came out to no notice at all. and over the course of 10, 15, 20 years, more people discovered this song. jeff buckley recorded it in 1994. after jeff buckley's death it got more notice and then people started to pick up on the magic of this song, put it in soundtracks, on tv shows. more and more people recorded it. >> it's everywhere. >> wainwright is nothing short of extraordinary. >> it was on the soundtrack to "shrek" one of the key moments in getting this out there. there are now 350-some recordings of this song and thousands more performances by bob dylan and u2 and, you know, everybody all around the world knows this song. >> but it almost didn't happen. it languished in obscurity. >> first when leonard was writing
of the top names in music. as jeff glor reports, the cause hits home for many of them. >> i've never seen anything remotely close to what hurricane sandy was. >> reporter: sandy was a worth-case scenario storm. millions lost power, thousands lost homes, and over 130 people lost their lives. new jersey new york and connecticut were the hardest hit. they're also home to some of the biggest names in music. >> i was here during the storm. it was scary. >> to witness my city and the tri-state area really going through something where nobody could control it. >> this was just complete and entire buildings washed away into the sea. >> reporter: 121212, the concert for sandy relief at madison square garden is being called one of the biggest music events of all time. >> we called bruce springsteen and paul mccartney and they said yes immediately. >> reporter: the last time producers managed to bring this many big names together, it was after 9/11. ♪ i've seen the lights go out on broadway ♪ >> reporter: 121212 has already raise third degree $2 million in sponsorship b
at will, so, i question whether that will happen. >>trace: we will find out. jeff, good of you, sir. >>guest: my pleasure. >>trace: there is breaking news and new violence in egypt today. protests rocked the regime of the new president soon after his sudden power grab. now there is word that some of his top advisors have quit. there also are reports that someone set the muslim brotherhood party office on fire. we are live in cairo coming up. plus, big developments in the case of the mom who police say pulled her cancer stricken daughter right out of the hospital. now the girl's father reportedly says she has left the country. that is coming up. >>trace: this is "studio b" and time for the top of the news. there is breaking news now in egypt. state-run tv is reporting that witnesses say masked men set fire to the headquarters of the muslim brotherhood in eastern egypt. the controversial president morsi was the leaders of that group before he resigned after winning the election. two weeks ago, the new president made himself a dictator, giving himself absolute power and tensions is bee
and government" and the reckoning that lies ahead. jeff in santa fe, calif. you are on booktv. please go lead with your question. >> caller: earlier you talk about our international institutions are week that need to be made stronger to properly govern multinational corporations. given that nations around the world are in different phases coupled with the greatest different culture, how would you go about stressing these institutions? it could take a long time for the national institutions. thank you. >> it will take a long period of time. in most countries are round world talking about strengthening international institutions is the third rail in politics. if you want to see a little sovereignty of ford and you are out of business. if we don't see sovereignty upward we don't preserve national sovereignty or national interests. the reason superstorm sandy cause such damage in the northeast of the united states was not exclusively related to environmental policies and actions taken in the united states of america. .. issues and the course of civilization in the history of civilization is takin
now for a look at what's coming up on the "cbs this morning." >> jeff glor joins us from new york. good morning. >> michelle, brian, good morning. we'll go to mobile, alabama where multiple tornadoes tore through the city. we're also tracking holiday travel disruptions where severe storms could hit next. and an eye-opening look this morning at how your smartphone might be watching you. also five travel tips for a last-minute getaway if you can get away before the new year. we'll see you at 7:00. >> thank you. "cbs this morning" starts at 7:00. >>> the big question for kids this week, what did you get from santa? >> we went door to door in pacifica to find out how some of the kids fared and gifts range from an air hockey set to perfume. it was clear there were a lot of young people who were thrilled to receive their presents. >> i got a red sled and a skim board and a skateboard, i got some santa claus hat. >> which looks very nice what would christmas be without a few minor mishaps like this one? one parent fell down a couple of stairs with a surfboard and the boy got a surfboard
. salt lake city looking festive and bright for the holidays. the warriors looking good themselves. jeff curry picks up the loose ball and drives for two of his game high 23 points. david lee another strong game. the upfake and nothing but net. had 18 points and 9 board. the holiday spirit lost for a moment in the second quarter. words and a lot of pushing but you nobody was ejected. golden state starts to pull away in the third. curry to thompson for the hoop and foul. the free throw upped the lead to 13 check out the drive by curry. goes behind the back and drops it in off the glass. he also had 8 rebounds and 7 assists. 94-83 the final. the warriors improve to 19-10. >>> with mario manning ham out for the is season with a knee injury it appears the niners will activate locket or hall from the practice squad. both saw playing time in the nfl last year. even with the mounting injuries, san francisco is a 16.5 point favorite to beat arizona on sunday. are the the cardinals lost ten of their last 11 and will have the former patriots backup quarterback making his first start. >> all profes
santelli always clean shaven is joining us next working on something for a little later on. >> we have jeff carter. we're going to talk about the fiscal cliff but from a much more cynical perspective. he believes that the cbo's call, if we go over the cliff in recession, well, he doesn't believe him. he says there is a keynesian base. what does it mean? he too cynical? i don't know. tune in in about 11 minutes to find out. >>> financials and the fiscal cliff plus the looming february stress tests is the big bank runup of this year finally coming to a close? brad hintz is an equity research analyst and joins us from new york. good to see. good morning. >> thanks for having me. >> new year is going to be fascinating to watch. dodd frank implementation. let's just talk about the rules first. investors know these are coming and why are the stocks trading up in light of what we know is going to be a different kind of year? >> well, one reason that you've seen the runup is a lot of the uncertainty seems to be to be working away. the banks are making the changes to live in this post basal 3 dodd/f
it a whole lot worse, say nothing of sigourney weaver and jeff daniels in "newsroom" and "downton abbey." >> our a favorite. thanks so much. >> a plug for "homeland" very quickly. great show. >> "homeland." >>> that does it for this edition of "andrea mitchell report." >>> tomorrow, joe lieberman and jeffrey goldberg joining us. >>> tamron hall has what is next on news nation. >> in our next hour, signs that efforts to avert are the fiscal cliff may be headed in the wrong direction. we will play out the day. >>> and with no talks currently planned between the president and house speaker boehner, are leaders now starting from scratch at this point in the game? we will talk to house budget committee member gwen moore. >>> and americans have some harsh words for our elected leaders. we will dig deep near the nbc news poll. and gonna find out which words folks used when they thought about the republican party and when they described democrats. quite interesting. we are up in three. something m? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk ch
for worldwide aging population. i expect ge to be very upbeat. i think jeff immelt's going to tell a good story. some of that's because the company just boosted its dividend by 12% today p. you don't do that if you're doing poorly. the meeting will be the most talked about event of the day, maybe even the week other than the fiscal cliff. next up, oracle reports on tuesday after the close. i normally like oracle going to earnings. i heard so many rumblings of a better than expected quarter that it makes me nervous given the stock rallied some 25% on the year. the quarter's got to be lights out or we can see beatdown. wednesday morning we get a result from the exact opposite of oracle's general mills. nothing like -- this one just kind of goes up a little bit each quarter, delivers superior returns over a long period of time. and allows you to sleep at night. general mills hasn't done anything of late. but do you pocket that fine dividend, hold on, leisurely ride. stephanie link and i were talking about the stock last night. she's the co-director of actionalertsplus.com, my charitable trust. it'
for treasuries in the first quarter. i think that could be very comparable to how it looks in 2013. >> and jeff cleveland, let me ask you the same question in terms of allocating capital and your expectations for the new year. >> i think i agree that the economy doesn't fundamentally change at midnight on 12:31. so we're not worried about a recession. what we are worried about is people expect a deal to get done and they think we'll have a surge of economic growth. and we don't expect that either. growth will remain moderate. interest rates remain low. and the real big picture is a shortage of safe assets. there's only so many government bonds out there keeping slemts low. we like the ig credit so sector and we like high yield bopds. that's where you'll see your opportunities for income for the year. >> okay. so are you going to be doing -- are you going to be doing dividend payers? >> i think you look anywhere you can get income. dividends are good. the key here is what's the big picture and story. it's a shortage of safe assets. the fed and all of their actions in the last ten days have just
is shopping. you just saw the updated numbers that came out this morning. >> well, jeff, yes, i'll concede its most recent quarter was not profitable, but it's been a profitable company. not nearly as much as a lot of folks would see and there's a reason. they have been taking market share and doing it in the cloud. use the cloud streaming services of amazon which is indicative of what an important player amazon is becoming in that field as well. it's an expensive stock. you're paying an astronomical p and still a dominant player in e-commerce and one of the new areas where it's dominant is the iphone this year. >> two companies we've been following very closely this year. thanks for joining us on "talking numbers." see you later. happy holidays. mandy? >> a quick look at what's happening with the markets right now. the do you is just hitting flat with the down side barely moving at this point. of course, we're counting down to the bell. also got aetna's ceo who says his hiring plans for the new year will definitely be affected by the fiscal cliff, and get this, he also says health care costs
mcmillan wrote was jeff is a mischief. how can this that man with his big eyes and lips flow of talk really be ahead, the bizarre of all these millions of people of this vast country? khrushchev seemed to be equal parts bluster and insecure. to his son, sergei, he was worried he was not properly dressed for dinner at the summit, and the plane he flew into geneva was smaller than the planes of the western leader. chris job like to brag and threaten. he like to wag his finger at the west saying we will bury you. he wanted to test the west. the testing price, flashpoint was berlin, the former german capital, over 100 miles inside time in his east germany but was still a free city protected by the western powers. in november 1958, khrushchev delivered an ultimatum. the west had to be out of berlin and six months, or else. this is a crisis, the greatest crisis of the cold war up to that point. the press, congress and much of the eisenhower administration this men were. we need to show resolve, it was said, to beef up our troop strength and get ready to divide the red army. meeting private
schoenberger and also joining us is cnbc's jeff cox. gentlemen, great to have you joining us. do you feel we're further away? >> stepping over dollars to pick up nickels. he has no deal. you're going to see this continued, carried over into monday and even and beyond, further deeper into 2013 because even if there is a deal, you still have to look behind the curtain, the details of it, the spending cuts. how much are we talking about and the fact that the president of the united states is not willing to come to terms? >> do you feel that the president wants to go over? >> look, mandy, this is dysfunction palooza in washington. i've been talking about this since november. they can't get a deal done. they won't get a deal done. the market has been way too complacent. wall street, you were wrong. you were wrong. they are not going to get this deal done. the market is going to sell off chase to start 20 thrown. big >> it will continue to sell off. look, guys. here's the thing though. 25% right now of gdp is government spending. historically that's 20%. if there are going to be the spending cuts,
and ultimately revealed to the public. these employees from jeff north have been off work more than two years and the time has come to put the situation behind us and put focus on quality products. the president back in detroit today with scheduled visit to the daimler detroit diesel plant in redford, michigan, a different one. martha: good old-fashioned investigative reporting on this one. caught on camera moments you have to see to believe. my favor when they chuck the bottle in the woods when done drinking with it. >> reporter: you really do. as attorney, understanding the arbitration process it is hard to understand how when you see what they did, they got their jobs back. take a look at this. this is the chrysler plant parking lot where workers are on break. they were videoed several day's by fox's own rob walchek, the detroit affiliate. as a result of what he found he brought it to chrysler's attention. 13 employees fired following chrysler's investigation. two suspended 30 days. all of them back at work. check this out. roll the tape. >> hey, guys, hate to be a buzz kill, shouldn't you
neighborhood? this is from jeff,rilliant idea, now the crazies, the gangs, thieves, know where to concentrate their efforts or more importantly where to avoid. another says, it is a public service. the information is public. gun owners seem to think that the second amendment is more important than the first amendment. this from susan, being in the public record and publishing it in the paper are different matters. that was wrong. this from sherry. i'd like to know who owns the guns. i would prefer choosing a home in a gun-free zone. brian says, shouldn't we be going after the people that can't be trusted? registered owners are registered because they can be trusted. from dan, absolutely not, not only does it target these people for burglaries but i also lets criminals know who doesn't have a weapon to protect their homes. this question got a lot of response this morning. i think we got about 200 in about 15 minutes. keep the conversation going. you can tweet me or facebook me. cute. but don't you have any apps on your phone that can make your life easier? who do you think i am, quicken loans?
with our own jeff rossen. the uncle of 6-year-old noah posner said he found a scammer online posing as the boy's aunt requesting donations to a personal paypal account. a federal criminal complaint filed alleges she used facebook, phone calls, and text messages to solicit money claiming she was paying for the child's funeral fund. >>> and now let's head to wall street. cnbc's mandy drury is at the new york stock exchange. good morning. >> good morning, natalie. we had a rally in asian stocks overnight with the japanese nikkei now up nearly 23% for the year. good if you've got a diversified portfol portfolio. obviously, fiscal cliff watching is front and center. that's key for the markets here. and did you like your holiday gift? well, about $63 billion worth of holiday goodies are going to be taken back to the store, but either exchanged or refunded according to the national retail federation. back to you. >> hopefully people still go out and buy. all right. thanks so much, mandy drury. >>> and soul singer has passed away following complications from a recent heart attack. bass was
's get to the futures pits. jeff killberg of killer capital. you know, you spelled capital wrong in your name. i guess that was inadvertent. how should traders position themselves? i hear some of the people that are a little mover reactionary, they say capital gains rates could go up so much between now and the end of the year, many stocks could make advances because people will be selling. >> joe, although i'm very distraught at mantea's loss to the height man, i see seller's remorse. a lot of people are worried about that and rightfully so. but additional measures as well as we see some type of resolution out of washington, you could see a nice pick up here in the s&p and that could catch some shorts on the run. >> i wonder about that. with boehner was at any time we could hear that maybe a deal is close or a deal gets made. but, i mean, capital gains no matter what are going up, aren't they? >> that's inevitable, right. and you're seeing one things in the bits here behind me, which will be very loud here this afternoon, the treasury pit is an overcrowded trader now. that was opposite
by mpd. we want to talk about this thousand with cnn senior legal . jeff, let's just start with the law. we have it, we can put it right up there on the screen here in the district of columbia, the law on ammunition feeding devices. no person in the district shall possess, sell, transfer any large k35s ammunition feeding device regardless of whether the device is attached to a firearm. for the purposes of this subsection, the term large capacity ammunition feeding device means magazine, belt, drum, feed strip or similar device that has a capacity of or can readily be restored or converted to accept more than ten rounds of ammunition. so assuming what he held up was the real thing, did nbc break the law? >> it's obvious. david gregory is going to the big house. it's just done. no, this is so silly. come on, i know it's the day after christmas, but, i mean, look, this is a silly little diversion. he was obviously using it for a demonstration. there is no chance that this would result in a prosecution. it's a good opportunity for the washington, d.c. police to point out that it's illegal t
and member of the house foreign affairs committee, mr. jeff duncan. good to have you on. first of all, why haven't we heard from hillary clinton? i understand concussions. i know them all too well. but really? three, four weeks now to testify? >> well, she needs to testify and i think she will. i'm optimistic she will. her office verified she was ill. i know the travel schedule, she gets worn down. i'll give her the benefit of the doubt. she needs to come testify. she was the person in charge at the department of state on september 11 when the attack in benghazi happened. and there are questions that need to be answered. >> kelly: there have been some people who criticized hillary clinton for what happened in benghazi and because of that, there has been the innuendo that she didn't want to testify. however, i don't see that being part of her character. she will testify this month, because she would like to put this to rest before she actually retires. >> i think she will. i think it's about her legacy now. she was in charge. i think she's willing to come and testify. she always ha
, good morning to you jeff. >> good morning, thanks for having me on. >> i would say so. and it's a little rough on the n.r.a., but if you look at the overall approval rating, they think higher than president obama and higher than the media covering as well. >> dave: maybe the speech from wayne lapierre didn't represent perfectly members of the n.r.a. i know, some weren't happy about maybe the lack of consoling to the victims and maybe some sensible proposal for some sort of reform in this country and maybe that's the problem here is that speech may not exactly represent the n.r.a. members in this country. >> right, now, i think the n.r.a. does have some pr issues to work out, you know and leading up to that press conference, they talked a lot about some major reforms and probably left a little people wondering, probably expecting something a little bit bigger. >> dave: the n.r.a. has millions of members and when you're talking about the mainstream media, it's all in this tiny bubble here in the northeast, has very little representation of most of the people in this country that
is the minister, the father is the father, the sun is the son and jeff government. so if everyone in his, and i should say or her place though confucianism doesn't leave much fun for the element. and that within the region and with the world as china looks at, a sense of harmony, japan would be law, that sense of harmony and how you would achieve it is that their frustration is that the work is not just acquiescing to the notion that they are a rich country, that they are returning, that they're powerful, that they want respect. and they want to see the world kind of step back and give it greater latitude, but doesn't see this. this is what i think whether i personally think we are on a collision course. because when you look at what china's expectations of the world are, you also look at its paranoia, you look at jim, i'd love to hear utah, you're such an expert insider, what's going on in the cyber world. you see something which seems hard to me, despite her best efforts in not one to replace history, that the rise of a great power usually and often leads to messiness. usually and often leads
to give this president that kind of power. host: jeff, good morning. caller: good morning. with republicans being cornered as far as the blame, why don't the republicans just vote and pass bills and sent it to the senate and put it in the hands of democrats and let's see what comes down the road. if it crashes, it crashes. it away, the democrats need to take responsibility. guest: we have to do what is necessary to correct the deficiencies of our operating national business. when you say the republicans should take a position and do what is right, the american people are in the dark of how negotiations work. if you are serious about negotiations and about solving the fiscal cliff -- it is a fiscal slide because you keep sliding. i have learned that if you want to negotiate and come to compromises and conclusions, you do that without cameras and you do that behind closed doors. once the negotiations are exposed, people react differently and they are compromise. we need to get away from the cameras. the president and john boehner, get away from their staffs and do a give-and
about culture and mental health. there's a lot of things to take years. >> jeff, weigh in on this. i thought -- i was kind of surprised how specific the president was when he talked about the things he's pushing forward. the assault weapons ban and a limit on high-capacity ammunitions and a background check for all gun purchases. what kind of position is he in to push this forward? there's been so little political will on either side to do any of that. >> i was struck how he said, joe biden is the perfect person to do this, because biden was the person who led the assault weapons ban fight in congress in 1994. that's certainly true. it is also true that that crime bill and particularly the assault weapons ban was considered a political disaster for the democratic party, especially for the democrats in the south and in the west who were really wiped out in the 1994 midterm elections. so, yes, it is true biden has the expertise, but he knows what a political risk it is for democrats like, for example, kay hagen, who is running for re-election in north carolina. let's see what she think
distributors like comcast pay $30 billion in affiliate fees, that's your cable bill. >> jeff said he wasn't worried about cord cutters, worried about never cords, i don't know the phrase, the idea there's a whole generation that never had the cord to begin with. >> yeah. those are college kids, maybe economic reasons can't find a job, can't afford cable. i couldn't afford cable in college. some economic reasons for that. >> you think it's economic, you don't think it's cultural, the way an entire generation will grow up? >> i don't. cable, still 5 1/2 hours a day of tv. on the margin, you may have some folks that try to string it together to try not to subscribe to cable and there's not enough out there and sports is the hammer that keeps you going. >> thanks. >>> the holiday season traditionally busy one at the box office. this year's winner s and losers next. . you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could ge
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